(Ecofin Agency) - Volt Resources drilled its Guinea gold projects in 2021 to test mineralisation at key prospects. Its assets include the Kouroussa project, which is close to Hummingbird Resources' gold mine.

Volt Resources, a mining firm based in New Jersey, US, announced on April 7, 2025, plans to resume gold exploration in Guinea, West Africa. Volt sees this as an opportunity to create "potential shareholder value through successful gold exploration" amid record-high gold prices.

Over the past year, gold prices have risen by 30%. This year, they hit an all-time high of $3,100 per ounce, and Goldman Sachs predicts that they could exceed $4,200 per ounce by year-end.

Volt is reviewing results from its 2021 drilling campaigns across its Guinea prospects. Its portfolio spans 348.7 km² and includes the Kouroussa project near Hummingbird Resources' mine and Predictive Discovery's Bankan gold project, along with the Konsolon and Mandiana projects.

Volt has yet to disclose specific plans or timelines for its exploration studies. This move aligns with growing investor interest in Guinea's gold sector. For instance, Sanu Gold is actively exploring its Daina, Daguifara, and Bantabaye licences with support from Montage Gold.

However, exploration campaigns are only the first step in developing a mine. Companies must identify economically viable resources before advancing further.

Besides gold, Volt continues developing graphite projects, including the Bunyu project in Tanzania.

This article was initially published in French by Aurel Sèdjro Houenou 

Edited in English by Ange Jason Quenum